ECB Payment Statistics Regulation Update

The European Central Bank (ECB) has finalised the Regulation amending Regulation (EU) No 1409/2013 of the ECB of 28 November 2013 on payments statistics (ECB/2013/43). The amending Regulation, published on 11 December 2020, introduces new reporting requirements in relation to information on innovative payment services and channels, payment schemes, and fraudulent payment transactions.

Collecting this information will enable the European System of Central Banks (ESCB), including the Central Bank of Ireland, and the ECB to more effectively perform our catalyst and oversight roles in the areas of retail payments and payment systems. In addition to improving performance, more detailed and frequent statistical information on card payments will help to enhance the ESCB’s and ECB’s understanding of cross-border trade and economic forecasting.